WASHINGTON – Earlier this week, Secretary of the Treasury Janet L. Yellen spoke with Indonesian Finance Minister Sri Mulyani Indrawati. Secretary Yellen emphasized her support for strong U.S.-Indonesia relations and conveyed her intention to deepen bilateral and multilateral cooperation with Indonesia to address key regional and global challenges, including the need for a strong recovery […]
Category Archives: U.S. Treasury
Federal Bank Regulators Issue Rule Supporting Treasury’s Investments in Minority Depository Institutions and Community Development Financial Institutions
News Release 2021-29 | March 9, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Federal bank regulatory agencies today announced an interim final rule that supports the Treasury Department’s implementation of a program established by Congress to make capital investments in […]
Remarks from Secretary Janet L. Yellen at the National League of Cities Congressional City Conference
Remarks as prepared Introduction: Three Storms and a Pandemic Thank you everyone. This is my first time attending a National League of Cities conference via Zoom, and I hope it might be everybody’s last time attending the National League of Cities conference via Zoom. I find these virtual get-togethers aren’t quite as good as the […]
Statement from Secretary of the Treasury Janet L. Yellen on the U.S Senate’s Vote on the American Rescue Plan
The Senate took a critical step today. With the economy down 9.5 million jobs since February 2020, it could be two years before the labor market simply reaches its pre-pandemic level. These high rates of job loss threaten the wellbeing of workers and their families. They may create economic scars that last well beyond the […]
Treasury to Invest $9 billion in Community Development Financial Institutions and Minority Depository Institutions through Emergency Capital Investment Program (ECIP)
ECIP Provides Capital and Services to Low- and Moderate-Income, Historically Disadvantaged Communities Impacted by COVID-19 WASHINGTON – The U.S. Department of the Treasury announced that it was opening the application process for the Emergency Capital Investment Program (ECIP), a new initiative designed to support access to capital in communities traditionally excluded from the financial system […]
Acting Comptroller Marks Anniversary of Freedman’s Bank and the National Currency Act
News Release 2021-28 | March 3, 2021 Share This Page: WASHINGTON—Today, Acting Comptroller of the Currency Blake Paulson issued the following statement to staff to recognize the 158th anniversary of the National Currency Act, which created the Office of the Comptroller of the Currency, and the 156th anniversary of the Freedman’s Savings and Trust Company. Over […]
Treasury Sanctions Fugitive Associate of CJNG
OFAC Action Targets High-Level Cartel Facilitator WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Mexican national Juan Manuel Abouzaid El Bayeh (“Abouzaid El Bayeh”) as a Specially Designated Narcotics Trafficker pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). OFAC designated Abouzaid El Bayeh for his […]
OCC Releases CRA Evaluations for 13 National Banks and Federal Savings Associations
News Release 2021-27 | March 2, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of February 1, 2021 through February 28, 2021. The list contains only national banks, federal savings associations, and […]
Treasury Sanctions Russian Officials in Response to the Novichok Poisoning of Aleksey Navalny
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) joined the U.S. Departments of State and Commerce in imposing sanctions in response to Russia’s poisoning and subsequent imprisonment of Russian opposition figure Aleksey Navalny. Specifically, OFAC designated seven Russian government officials: Federal Security Service (FSB) Director Aleksandr Bortnikov (Bortnikov), […]
Treasury Sanctions Key Military Leaders of the Ansarallah Militia in Yemen
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two key militants of the Iranian-backed Ansarallah, sometimes referred to as the Houthis, whose actions have prolonged Yemen’s civil war and exacerbated the country’s humanitarian crisis. Mansur Al-Sa’adi and Ahmad ‘Ali Ahsan al-Hamzi are responsible for orchestrating attacks by […]